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April 22, 2016 by Thad Peterson

We attended the Money2020 Europe conference in Copenhagen a couple weeks ago. This was the first Money2020 conference outside of the epic assembly of payments geeks in Las Vegas, and it was a great first effort. People were universally pleased with the venue, a conference center near the airport, and there was ample opportunity to network. Unlike in Las Vegas, it was fairly easy to find people and have good conversations.

The crowd was friendly, and the vibe was easygoing and enthusiastic. And there was a lot to talk about for us payment geeks, as reliable sources told us that 40% of all fintech activity is related to payments. Here are a few of the topics and ideas that resonated with us at the show.

April 20, 2016 by Spencer Mindlin

The first sets of preliminary recommendations by the subcommittees of the Securities and Exchange Commission's Equity Market Advisory Committee were released yesterday on the SEC's website. The full 17-member committee is scheduled to reconvene for the fourth time on April 26, 2016 at SEC headquarters in Washington, D.C. The meeting will follow a March 3 Senate Banking Committee hearing, the key action of which was the regulator promise that with the work of and recommendations from the Equity Market Structure Advisory Committee, the SEC would get the ball rolling on market structure and regulatory reform, whatever that entails, before the end of the current U.S. election cycle.

March 21, 2016 by Enrico Camerinelli

Assume you want to spend all your US$100 to buy goods in a shopping mall. At the checkout, you say that you will send an email promising to pay US$100 (i.e., an electronic IOU). The merchant happily accepts the email and goes to the bank. The bank also accepts the email and credits US$100 to the merchant’s account.

March 16, 2016 by Gwenn Bézard

Smart-home technologies are rapidly becoming mainstream, and insurers have an opportunity to participate in this market. When engaging with potential partners, even the largest insurers should have a realistic appreciation of their level of influence over consumers, and therefore what they can bring to the table for smart-home device-makers, installers, and distributors. In conversations with firms that have tried to partner with insurers, we found that too often large insurers show up at the table with an inflated sense of the value they can bring. This can backfire on insurers. Frustrated with the exaggerated demand from insurers, a major North American smart-home player has recently curtailed the amount of data it is willing to share with insurers.

March 7, 2016 by Thad Peterson

I live in Atlanta, and aside from being famous for bad traffic and payment processing, it’s a major center for barbecue, which is arguably more important than payments without anything else being said. There’s a barbecue place near my house, Grand Champion Barbecue, and they’re one of the best. It’s a family-run business in a strip center, and they have a sign on their door with their hours. Here’s what’s on the sign:

“Open 11:00 – 8:00, or until we run out of meat”